Sumitomo Mitsui Trust Group Inc. Raises Stake in iShares Gold Trust Micro $IAUM

Sumitomo Mitsui Trust Group Inc. grew its stake in iShares Gold Trust Micro (NYSEARCA:IAUM) by 22.3% in the first quarter, Holdings Channel reports. The fund owned 26,834,927 shares of the company’s stock after purchasing an additional 4,900,000 shares during the period. iShares Gold Trust Micro accounts for about 0.8% of Sumitomo Mitsui Trust Group Inc.’s portfolio, making the stock its 17th largest holding. Sumitomo Mitsui Trust Group Inc. owned 0.17% of iShares Gold Trust Micro worth $1,253,191,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of IAUM. Vident Advisory LLC raised its stake in iShares Gold Trust Micro by 116.9% during the fourth quarter. Vident Advisory LLC now owns 1,711,783 shares of the company’s stock worth $73,590,000 after purchasing an additional 922,584 shares during the period. Myriad Asset Management Advisors LLC purchased a new stake in shares of iShares Gold Trust Micro in the 4th quarter valued at approximately $38,401,000. Asset Management One Co. Ltd. increased its holdings in shares of iShares Gold Trust Micro by 292.4% during the 4th quarter. Asset Management One Co. Ltd. now owns 1,190,031 shares of the company’s stock worth $51,409,000 after buying an additional 886,737 shares during the last quarter. BOK Financial Private Wealth Inc. acquired a new stake in shares of iShares Gold Trust Micro during the 4th quarter worth approximately $30,468,000. Finally, Heck Capital Advisors LLC increased its holdings in shares of iShares Gold Trust Micro by 69.0% during the 4th quarter. Heck Capital Advisors LLC now owns 1,203,191 shares of the company’s stock worth $51,725,000 after buying an additional 491,191 shares during the last quarter.

iShares Gold Trust Micro Stock Down 0.8%

IAUM stock opened at $40.67 on Thursday. iShares Gold Trust Micro has a one year low of $32.58 and a one year high of $55.27. The firm’s 50 day moving average price is $43.56 and its 200-day moving average price is $46.30.

iShares Gold Trust Micro Profile

The iShares Gold Trust Micro (IAUM) is an exchange-traded fund that is based on the LBMA Gold Price index. The fund tracks the gold spot price, less expenses and liabilities, using gold bars held in vaults. IAUM was launched on Jun 15, 2021 and is managed by BlackRock.